HMRC has just announced that closing the tax gap is its lead priority. But can we get beyond the endless game of cat and mouse that tax inspectors and the avoidance industry play with each other? As the TUC says:
We think so but it'll take a General Anti-Avoidance Principle.
They’ve now published a briefing on this issue and it’s only right I disclose that it is largely my work.
The detail is here and the Government says they are interested. Time for them to deliver then.
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Private companies are offered incentives for getting the long-term unemployed back to work. I don’t know how it works exactly, but it seems to be a payment-by-results arrangement. Would a similar scheme work for tax?
Why shouldn’t HMRC delegate to specialists in certain areas of taxation avoidance/evasion and offer a percentage? Or do they do this already?
@RichardSM
It works by them not paying their new “employees”
Their new employees get paid their benefits, plus a traveling top-up.
Their new employees tend not to stay long, largely because it is human nature to extract the urine from those who work 40 hours for pocket money.
At least it keeps them off the street.